Residential Home Sales

Median sale price of residential homes is $447,000 for 2019, up from the mediansale price of $419,925 in January 2018.

There has been an increase in the number of active listings, 272 for January 2019, up from 228 during Jan 2018. 121 new listings came to market in January 2019, versus 123 January 2018. Average time on the market in January 2019 was 110 days, down from 125 days
from January 2018.

New Construction Home Sales

Median price for new construction homes is $454,475, up significantly in January 2019 from $347,000 in January 2018.

14 new construction listings were available in January 2019, and a total of 38 new construction listings overall are active on the market. Average days on the market for new construction homes is down to 88, from 120 days in January 2018.

Condominium Sales

The median Condominium price ended January 2019 at $219,500, down from $235,000 in January 2018. A total of six new listings came to market in January 2019 and there are a total of 20 active condo listings ending January 2019.

Average time on the market is down from 78 days in January 2018 to 63 days ending January 2019.

Closed Sale Prices

Residential median closed sale prices are $337,750, a decrease from January 2018 median close price of $349,000. A total of 82 properties closed in January 2019, down from 119 during January 2018.

New construction closing prices for January 2019 had a decrease in price of $334,000, down from $381,537. Three new construction properties closed in January 2019, down from 16 in January 2018. Condominium median closing prices were $199,000 in January 2019, down from $207,000 in January 2018.

What Does This Mean For Buyers

Buyers that find a home should be prepared to act quickly since prices for most areas are rising. However some areas, such as the 811 and 812 area codes have seen prices drop slightly, and inventory staying on the market for a longer period of time.

Buyers should have financing in place and work closely with their realtor to create the most competitive offer for sellers. Buyers can sign up for alerts to be notified when matching properties become available.